If you are, and you're a blogger, and you're not sure how to account for your income, this is a helpful ebook. I bought it last year and wrote about it below. For a lot of bloggers, it's money well spent. You can read on to see whether it's right for you.
Here's my review from last year…
Several weeks ago, I got an email from Nikki. She told me she had written an ebook with tax tips for bloggers and attached a copy in case I was interested.
I was interested. I told her I'd put it in my "to read" file, which I did.
Last night, I pulled Your Blogging Business: Tax Talk and Tips from a Bookkeeper Turned Blogger PDF (or on Amazon) out of my "to read" file (actually, I put the PDF right on my Kindle—you know you can do that right?).
It took me about an hour to read last night.
When I finished it, I thought, Shall I promote this or not?
It's a solid little book, with information I'm sure a lot of bloggers (particularly newer ones) will appreciate. So I thought yes.
- I could tell you that it's easy to read, because it is.
- I could tell you that Nikki somehow makes taxes entertaining and, dare I say, a bit fun? She had me smiling at several points.
- I could tell you that it's nice to have someone explain taxes from a blogger's point of view.
But it's easy to suggest others buy something you got for free, isn't it?
So I thought that if I was going to suggest you buy her ebook for yourself, I should be willing to buy it too.
So I did.
About 15 minutes ago, I bought a copy of it for myself, even though I have a free copy sitting on my Kindle.
I'm also an affiliate, so I'll get paid a commission for any copies you buy through my links in this post. But now you know I'm a paying customer myself.
Should you buy it?
There is not a (human-inspired) book in this world that's right for everyone.
Your Blogging Business: Tax Talk and Tips from a Bookkeeper Turned Blogger (PDF) (or on Amazon) is a basic guide. It's not exhaustive. It doesn't go into great depth about all the tax issues a blogger might face, but it does provide a great general overview of what a typical small- to medium-sized blogger might encounter.
To help you decide whether or not you should purchase it, I tried to break it down for you.
It's great for…
- Bloggers who will make more than $400 in income this year and just want a good basic understanding of how to account for self-employment income.
- Bloggers who are intimidated by the tax process and would like an easy-to-follow explanation of the tax implications of an online business.
- Bloggers who do their own taxes and don't have a tax background.
- Bloggers who have an affiliate program that might require them to issue 1099's (you're required to do that if you pay any affiliate more than $600 in a year).
- Bloggers who do their taxes on their own or done professionally but want a few very basic ideas for keeping your records straight.
- Bloggers who have had their taxes done professionally in the past but want to try to do it themselves.
It might not be helpful for…
- Bloggers who have done their taxes in previous years and feel relatively confident in the process.
- Bloggers who have their taxes done by a professional.
- Bloggers who do not intend to make a significant income from blogging this year or who have just a personal or hobby blog.
My Personal Experience
While I had already done our taxes before reading Your Blogging Business, I especially appreciated the sections on depreciation and the whole thing about how to account for an in-home office. That was helpful.
I also realized one of the questions I had to search for online while I did our taxes was answered right in Nikki's book. If only I had read it before I did our taxes…
And, I had a brainstorm about how I can keep better track of my records for next tax season.
Disclosure: The links in this post are my affiliate links. Read my full disclosure policy here.